TotalEnergies starts building on two Iraq projects
23/09/2025 by Jay Hatton
France-based TotalEnergies has announced the start of construction on two projects aimed at increasing the production of natural gas in Iraq.
BP to investigate drilling five new Mediterranean wells
22/09/2025 by Joel Thompson
UK-based oil major BP has signed a Memorandum of Understanding (MoU) that would see it investigate the potential of drilling five new wells.
ExxonMobil explores crude storage with Iraq
15/09/2025 by Joel Thompson
Iraq’s State Oil Marketing Organisation (SOMO) and oil major ExxonMobil are discussing sites for storing crude oil in order to mitigate any potential future shipping disruptions.
OPEC+ ups production again
12/09/2025 by Thomas Clark
Despite fears of an oil glut in the northern hemisphere, the OPEC+ group has decided to start unwinding the next tranche of voluntary production costs.
US set new oil production record last year
05/09/2025 by Jay Hatton
A record volume of crude oil was produced in the US last year according to the latest Petroleum Supply Annual published by the Energy Information Administration (EIA).
Ithaca upgrades full-year production guidance
28/08/2025 by Daniel Tait
One of the largest independent producers of oil and gas in the UK North Sea, Ithaca Energy, has raised its expectations for this year’s production.
BP brings Argos extension online
25/08/2025 by Thomas Clark
UK-based oil major BP has announced that its extension of the Argos platform in the US Gulf of Mexico has
Brazil produces record amount of oil and gas
21/08/2025 by Richard
According to recently released figures, Brazil produced an average of 4.9 million barrels of
EIA predicts drop in oil prices
20/08/2025 by OilStoreAdministrator
In its latest Short-Term Energy Outlook, the US Energy Information Administration (EIA) has predicted lower oil prices as supply to
BP reports stronger than expected quarter
18/08/2025 by Richard
UK-based oil major BP has announced its results for the second quarter, with them being ahead of analysts’ expectations.
ExxonMobil announces more production offshore of Guyana
15/08/2025 by OilStoreAdministrator
Guyana in South America has received a boost to its oil-producing capacity, with the announcement that ExxonMobil’s Yellowtail project has started production.
OPEC+ subgroup proceeds with production increases
11/08/2025 by Mark
The eight OPEC+ participants involved in voluntary production cuts have announced a further rewinding of those cuts, putting downward pressure on oil prices.